Oasis Petroleum Inc. (NYSE:OAS) – Investment analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for shares of Oasis Petroleum in a research report issued to clients and investors on Tuesday. Jefferies Group analyst M. Hsu now expects that the energy producer will post earnings per share of ($0.10) for the year, up from their previous estimate of ($0.12). Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock. Jefferies Group also issued estimates for Oasis Petroleum’s Q4 2017 earnings at ($0.01) EPS, Q2 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.03) EPS and FY2019 earnings at $0.36 EPS.

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Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million during the quarter, compared to analysts’ expectations of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. The firm’s revenue for the quarter was up 71.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) EPS.

Other analysts have also recently issued reports about the company. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 24th. Cowen reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Oasis Petroleum in a report on Sunday, October 22nd. KeyCorp set a $11.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a report on Friday, October 20th. Piper Jaffray Companies set a $14.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Royal Bank of Canada set a $14.00 price objective on Oasis Petroleum and gave the company a “buy” rating in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Oasis Petroleum currently has an average rating of “Hold” and an average target price of $12.55.

Shares of Oasis Petroleum (NYSE OAS) opened at $7.84 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $16.73.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the sale, the vice president now owns 182,351 shares in the company, valued at approximately $1,599,218.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of OAS. Federated Investors Inc. PA bought a new stake in Oasis Petroleum during the 2nd quarter worth $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Oasis Petroleum by 103.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after acquiring an additional 7,720 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Oasis Petroleum during the 3rd quarter worth $142,000. Teacher Retirement System of Texas grew its position in Oasis Petroleum by 6.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Oasis Petroleum by 14.1% during the 2nd quarter. Advisory Services Network LLC now owns 19,400 shares of the energy producer’s stock worth $156,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.

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Oasis Petroleum Company Profile

Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.